Mark Is the Owner of a Local Shoe Business

question 89

Multiple Choice

Mark is the owner of a local shoe business. He has fifteen employees who report directly to him and he makes all the decisions regarding the type and quality of shoes and looks after the shop's finances. Which type of organizational structure does Mark have?

• A) matrix structure
• B) bureaucracy
• C) boundaryless structure
• D) simple structure
• E) virtual structure

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Definitions:

Return on Assets Ratio

A profitability ratio that indicates how efficiently a company uses its assets to generate profit, calculated as net income divided by total assets.

Total Asset Turnover Ratio

A financial metric that measures the efficiency of a company's use of its assets in generating sales revenue.

Stockholders' Equity

This term refers to the residual interest in the assets of a corporation after deducting its liabilities. It represents ownership interest held by shareholders.